International Edition
Search
CNN.com Home Page -
CNN Exchange
Friday, January 19, 2007
Ney eligible for $29,000 pension
WASHINGTON (CNN) -- How much of a pension is former Congressman Bob Ney eligible for after he completes his 30 month prison term?

The National Taxpayers Union estimates Ney will be eligible for a $29,000 pension beginning in 2016. He reaches age 62 that year, and would be eligible for the full amount based on 12 years in the House.

That amount would grow yearly with the cost of living.

Ney could also opt for a lesser amount beginning in three years. When he turns 56 in 2010, he could take a smaller pension of just over $20,000. -- that is 30% below the full amount, and would be permanently reduced.

Ney's salary last year was $165,200.

-- CNN's Steve Brusk
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNN makes reasonable efforts to review all comments prior to posting and CNN may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
Search
© 2007 Cable News Network.
A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines. Contact us. Site Map.
Offsite Icon External sites open in new window; not endorsed by CNN.com
Pipeline Icon Pay service with live and archived video. Learn more
Radio News Icon Download audio news  |  RSS Feed Add RSS headlines